Customs Recordkeeping Requirements: What You Need to Know

Tuesday, Mar 28, 2017 at 10:00AM - 1:00PM
Fremont, CA

Event Details

This trade compliance recordkeeping webinar will cover the requirements for management and retention of critical trade records and data as mandated by U.S. Customs and Border Protection (CBP). This will cover all the basic requirements in the Customs Regulations for importer and exporter recordkeeping. This topic includes (1) what records must be maintained, (2) the form in which it is maintained, (3) where they are kept and (4) record retention period. The webinar will also cover conversion to electronic recordkeeping, recordkeeping exemptions and penalties for failure to produce records.

Objectives of The Presentation
  • Why is recordkeeping important?
  • How should we go about storing our records and import data?
  • How do we request approval from CBP for electronic recordkeeping?
Why Should you Attend
The Customs Procedural Reform Act of 1978 and the Customs Modernization Act of 1993 established detailed recordkeeping requirements for importers, customs brokers, exporters and others.

U.S. Customs and Border Protection use these records to ascertain the correctness of entries, ensure compliance with applicable U.S. laws, and determine liability for duties, taxes and penalties. This webinar explains the burdens and requirements of recordkeeping under these laws and how those required keeping records can best meet their obligations. This 60 minute webinar will help you stay complaint and avoid penalties by discussing the strict requirements for retention and the management of critical trade records and data as mandated by U.S. CBP. At the end of this session the instructor will handle your specific questions related to this topic.

Areas Covered
  • Overview of recordkeeping requirements
  • Burdens on importers and exporters
  • What constitutes a record?
  • Specific entry records that must be maintained
  • Who is required to maintain records
  • Maintaining required records
  • Required retention period and exceptions
  • Alternative methods of storage
  • What is required when a request for production of records is received
  • Penalties for failure to comply with recordkeeping requirements
Who will Benefit
  • Everyone who is involved in a commercial activity e.g. importing and exporting
  • Non resident importers (NRI)
  • Customs or Trade Compliance personnel or Officers
  • Chief Compliance Officers
  • Logistics, distribution and transportation professionals
  • Other stakeholders or positions related to the global supply chain
  • Company Executive Officers
  • Entrepreneurs
  • Freight Forwarders
  • Customer Brokers
  • Transportation Risk Management Officers
  • Import Distributors
For Registration

Note: Use Promo code DE5YU and get 10% off on registration (Valid till APRIL 30th 2017)

Organization Details

Online Compliance Panel (OCP) creates and delivers comprehensive industry relevant training sessions. These sessions are simple, interactive and cost effective. We are a predominantly web based information exchange forum. Live interactions on compliance training make the process holistic and effective. OCP largely emphasizes in offering regulatory compliance training to compliance professionals on varied topics. These primarily include risk management, quality management, corporate compliance and other regulatory compliances. Some of our primary areas of focus include advancement and updates in regulatory compliance, best practices and market trends.

We strive to incorporate high standards in developing a culture facilitating exchange of ideas resulting in functional excellence. OCP believes in nurturing ideas and thought processes through innovative e-learning methodologies. Our products and services are designed to offer customized solutions to industry and market. We bridge the gap between experience and knowledge thus delivering original and creative content.

Our objectives of employing interactive mediums ensure effective communication and mutual exchange of ideas. OCP closely follows best practices and regulatory trends in the global compliance scenario. We also observe and communicate trends witnessed in FDA, ISO regulations, process and design validation. All updates and additions to important laws can be accessed by our customers in real time.

Our mission is to empower compliance professionals through effective online training sessions. Our world class training methodologies stem from comprehensive understanding of client requirements. The content conforming to FDA and ISO standards is developed by well qualified and experienced industry leaders. Our offerings will exceed expectations and add value to your investment.

The content in various categories such as medical devices, pharmaceuticals and biotechnology will raise the bar in terms of quality already on offer .We hope to contribute to the creation of responsible organizations creating benchmarks in quality, integrity and transparency.

Online Event
38780 Tyson Lane, Apt 210
Fremont, CA 94536

Starts March 28, 2017 at 10:00AM - 1:00PM

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Contact Information

Organization: Online Compliance Panel LLC

Event Contact: OCP Panel

Phone: 15108575896